(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
PALM BEACH, FL—Chatham Lodging Trust announced third quarter 2012 results this week. The hotel REIT reports a 48.5% increase in revenues year-over-year during the quarter to $12 million. Hotel RevPar rose 5.8% to $114.
Meanwhile, Chatham’s joint venture portfolio exceeded revenue and RevPar expectations. Chatham reports distributions of $1.7 million in the third quarter, bringing total distributions to $20.9 million or 56.5% of Chatham’s initial investment in the joint venture.
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